BHS and Sports Direct “Show Firms Must Handle Their Reputations Better”

UK businesses need to manage their reputations better after the recent debacles at BHS and Sports Direct, according to the Confederation of British Industry (CBI). Firms are still facing a perception problem, suggesting trust must be rebuilt, CBI Director General Carolyn Fairbairn told the British Private Equity and Venture Capital Association conference in London on Thursday. “We know there have been some real mistakes made, and I think we can all name some individuals recently, you know, when you see the story of BHS or we see what’s happened at Sports Direct. “I think we all can say that’s not what businesses stand for.”